Key Points / To The Moon
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In crypto trading communities, To the moon! is an exuberant exclamation common during market run-ups.
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A trollbox-friendly variation of “To The Moon!” would be “To the mewn!”
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Tools for To The Moon: #tradingview #bitforex #phemex
“Moon” in mainstream media
October 2020 Forbes article analysing Paypal’s Bitcoin strategy casually mentions the expectation of the “moon”:
Think about it. If you think that the value of a bitcoin is going to the moon (and will be worth $1 million each within five years, as this former Goldman Sachs GS hedge fund person has just predicted) then why would you waste even a tiny fraction of a bitcoin buying a pizza or a Pez dispenser?
Beware of The “ToTheMoonGuy”
There is an old (still active!) reddit account u/tothemoonguy whom redditors page when they asre feeling like the crypto markets just launched and will rise and rise forever.
The legend has it the top is near once u/tothemoonguy gets gilded.
What is the moon for crypto?
According to MoonMath, the “moon” for crypto traders seems to be on the level of seven figures USD per 1 BTC.
Also read:
- What do crypto traders call the Bart formation and how to trade it?
- How did the word ‘hodl’ come to be?
- Pattern trading hub: Highest probability charting patterns in crypto
An indepth look at To The Moon is here.